Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jan 1976.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
22 people listed on the 990; $1.2M paid to officers and key staff.
Fidel a Vargas’s $729K as President & Chief Executive Officer is at the 96th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Fidel a Vargas | $729,278 | $700,161 | $676,675 | $811,384 | $657,200 | $470,050 |
| Julie Hite | $424,694 | $405,763 | $400,195 | $463,380 | $355,481 | $293,954 |
| Victoria Hardy | $461,840 | $246,659 | $247,526 | $287,230 | $228,993 | $194,556 |
| Kingshuk Chatterjee | $282,089 | $393,041 | — | — | — | — |
| Tammy Schlegel | $305,163 | $288,919 | $286,430 | $321,906 | $215,316 | $164,401 |
| Araceli Ruano | — | — | $296,792 | $308,461 | $240,750 | — |
| Daniel Edeza | $261,788 | $249,572 | $226,643 | $230,496 | $181,295 | $161,282 |
| Ruth Castillo | $256,171 | $246,464 | $225,406 | $219,382 | $181,295 | $155,447 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Hispanic Scholarship Fund executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Awards scholarships to outstanding Hispanic students in the United States, Puerto Rico, and the U.S. Virgin Islands to support their higher education.
Questions for Hispanic Scholarship Fund
Your first name shows with your question. Hispanic Scholarship Fund answers here, for everyone.
Scholarships
The HSF scholarship is a merit-based award designed to aid students of hispanic heritage in their pursuit of a college degree. Scholarships are available to high school seniors, undergraduate students (all years), graduate students, and community college students transferring to four-year universities.
Scholar Support Services
Provide mentorship,leadership development, career services, knowledge building, and wellness training to 10,000+ HSF scholars annually. These are available to all HSF scholars for the duration of their college careers, regardless of whether or not they receive an HSF scholarship.
Student and parent support services are designed to help thousands of k-12 students and their parents,each year, prepare, plan, and pay for college. These services are delivered virtually through HSF.NET and in-person through college 101, college camp, college prep saturday, road to college, the youth leadership institute, and the young…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | FY20 | FY19 | FY18 | FY17 | FY16 |
|---|---|---|---|---|---|
| End of yearLn 1g | $16.8M | $18.6M | $18.4M | $17.6M | $16.9M |
| Given inLn 1b | −$4K | $27K | $21K | $13K | $58K |
| SpentLn 1d–1f | $747K | $796K | $755K | $705K | $657K |
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $34.3M | $35.5M |
| InvestmentsLn 11–13 | $17.7M | $15.9M |
| Land, buildings, equipmentLn 10c | $1.8M | $1.7M |
| Total assetsLn 16 | $76.4M | $81.3M |
| LiabilitiesLn 26 | $5.0M | $1.6M |
| Net assetsLn 32 | $71.4M | $79.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $26.4M | $26.4M | ||
| Grants to domestic individualsLn 2 | $4.5M | $4.5M | ||
| Pay of current officers, directors and key staffLn 5 | $805K | $784K | $12K | $9K |
| Other salaries and wagesLn 7 | $4.1M | $3.2M | $550K | $343K |
| Other employee benefitsLn 9 | $700K | $556K | $81K | $64K |
| Payroll taxesLn 10 | $364K | $266K | $57K | $41K |
| Management feesLn 11a | $1.1M | $440K | $666K | $23K |
| Legal feesLn 11b | $27K | $27K | ||
| Accounting feesLn 11c | $52K | $20K | $31K | $1K |
| Investment management feesLn 11f | $73K | $73K | ||
| Other fees for servicesLn 11g | $79K | $11K | $67K | $92 |
| Advertising and promotionLn 12 | $2.2M | $1.9M | $62K | $238K |
| Office expensesLn 13 | $1.4M | $543K | $807K | $27K |
| OccupancyLn 16 | $677K | $155K | $522K | |
| TravelLn 17 | $1.6M | $1.4M | $90K | $173K |
| InterestLn 20 | $63K | $53K | $4K | $7K |
| Depreciation, depletion and amortizationLn 22 | $858K | $498K | $360K | |
| InsuranceLn 23 | $71K | $1K | $70K | |
| Other expenses (24a–d)Ln 24 | $39K | $1.2M | −$857K | −$339K |
| Total functional expensesLn 25 | $45.1M | $41.9M | $2.6M | $586K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2026 LatestFiled with the IRS Aug 11, 2026 | $128.8M | $76.4M | $52.4M | $151.2M | 990 PDF |
| FY2025Filed with the IRS Aug 14, 2025 | $54.5M | $70.1M | −$15.5M | $96.7M | 990 PDF |
| FY2024Filed with the IRS Aug 13, 2024 | $45.5M | $59.4M | −$13.9M | $111.4M | 990 PDF |
| FY2023Filed with the IRS Aug 14, 2023 | $40.1M | $48.3M | −$8.2M | $122.0M | 990 PDF |
| FY2022Filed with the IRS Aug 15, 2022 | $60.0M | $47.4M | $12.7M | $130.2M | 990 PDF |
| FY2021Filed with the IRS Aug 13, 2021 | $86.6M | $36.5M | $50.1M | $117.7M | 990 PDF |
| FY2020 ViewingFiled with the IRS Jan 11, 2021 | $55.3M | $45.1M | $10.1M | $79.7M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $55,255,602 revenue, 12 lines filed
Part VI · Governance 17 of 17 board members independent, no flags
Part VIII · Statement of revenue $55,255,602 across 9 lines filed
Part IX · Statement of functional expenses $45,110,520 across 19 lines filed
Part X · Balance sheet $81,275,444 assets, 15 lines filed
Part XI · Reconciliation of net assets $79,716,325 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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